Wyoming has no state income tax, meaning you pay $0 in state capital gains tax. You still owe federal capital gains tax.
WY State Rate
0%
No state income tax
Federal Rate
15%
Most common long-term bracket
Combined Effective
18.8%
On $150K taxable gain (example)
After the $250K/$500K exclusion, here's what a typical seller might owe.
If Wyoming is where your primary residence is located and you've lived there at least 2 of the last 5 years, you can exclude up to $250K (single) or $500K (married filing jointly) of your capital gain from both federal and state taxes.
Investment and rental properties in Wyoming don't qualify for the exclusion. You'll owe 0% state tax plus federal tax on the full gain, plus 25% depreciation recapture on any depreciation claimed.
In Wyoming, homes sold in January sell for 11% more than those sold in August (-7%). Timing your sale right can offset a significant portion of your tax bill.
Capital gains tax rates on home sales in Wyoming and nearby states.
Wyoming has no state income tax, meaning $0 in state capital gains tax on home sales.
Cheyenne, Casper, and Jackson Hole are the primary markets. Jackson Hole is one of the most expensive markets in the nation.
The zero-tax environment has attracted high-net-worth individuals, particularly in the Teton County area.
Wyoming's trust-friendly laws and zero income tax make it popular for wealth management and real estate investment structures.
Offering buyer concessions?
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